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Switzerland

Switzerland ranked No. 15 in total trade value through October with a total of $53.78 billion. Exports totaled $19.68 billion and Imports totaled $34.11 billion, a deficit of $14.43 billion.

January – October 2018

Top Trading Ports

Total Trade: $53.78 billion

RankPortTotal YTD
1John F. Kennedy International Airport $15,359,940,493
2Port of Newark $6,599,861,568
3Chicago O’Hare International Airport $6,572,339,862
4Cleveland’s Hopkins International Airport, Ohio $3,453,951,427
5Los Angeles International Airport $3,385,244,390
6Port of New Orleans $2,160,155,000
7Boston’s Logan International Airport $1,391,997,008
8Miami International Airport $1,310,310,534
9San Francisco International Airport, Calif. $1,200,763,892
10Philadelphia International Airport $1,061,625,904

U.S. trade with Switzerland rose to $53.78 billion through October

Switzerland’s trade with the United States rose to $53.78 billion through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 12.95 percent above its total trade during the same time period last year. Switzerland’s exports increased 9.26 percent while imports rose 15.19 percent. The U.S. deficit with Switzerland was $14.43 billion.

Through October, the top five among the nation’s airports, seaports and border crossings were No. 1 John F. Kennedy International Airport; No. 2 Port of Newark; No. 3 Chicago O’Hare International Airport; No. 4 Cleveland’s Hopkins International Airport, Ohio; and No. 5 Los Angeles International Airport. During the same period the previous year, the top five were No. 1 John F. Kennedy International Airport No. 2 Chicago O’Hare International Airport No. 3 Port of Newark No. 4 Los Angeles International Airport and No. 5 Cleveland’s Hopkins International Airport, Ohio. In the current time period, the top five accounted for 65.77 percent of Switzerland’s U.S. trade.

Among those top five:

  • Trade with No. 1 John F. Kennedy International Airport rose 16.02 percent to $15.36 billion.
    Exports rose 29.36 percent to $9.01 billion. Imports rose 1.2 percent to $6.35 billion.
  • Trade with No. 2 Port of Newark rose 56.91 percent to $6.6 billion.
    Exports rose 31 percent to $232.72 million. Imports rose 58.06 percent to $6.37 billion.
  • Trade with No. 3 Chicago O’Hare International Airport rose 27.57 percent to $6.57 billion.
    Exports rose 8.56 percent to $613.78 million. Imports rose 29.92 percent to $5.96 billion.
  • Trade with No. 4 Cleveland’s Hopkins International Airport, Ohio rose 29.48 percent to $3.45 billion.
    Exports rose 2.76 percent to $700.54 million. Imports rose 38.65 percent to $2.75 billion.
  • Trade with No. 5 Los Angeles International Airport fell 11.38 percent to $3.39 billion.
    Exports fell 20.36 percent to $2.51 billion. Imports rose 31.37 percent to $870.88 million.

Switzerland ranked No. 15 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 16.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Switzerland by value through October were the categories of Gold; Paintings, drawings and other artwork; Jewelry, parts; Plasma, vaccines, blood; and Diamonds, not mounted, respectively. They accounted for 60.95 percent of total exports to Switzerland.

The value of the top five categories of U.S. imports from Switzerland –– Medicines in individual dosages; Value added to a returned import; Heterocyclic chemical compounds; Plasma, vaccines, blood; and Wrist and pocket watches, not precious metals –– accounted for 59.91 percent of all inbound shipments.

Looking more closely at U.S. exports to Switzerland:

  • Gold rose 15.37 percent compared to last year to $6.29 billion.
  • Paintings, drawings and other artwork rose 57.72 percent compared to last year to $1.73 billion.
  • Jewelry, parts rose 5.78 percent compared to last year to $1.55 billion.
  • Plasma, vaccines, blood rose 8.01 percent compared to last year to $1.27 billion.
  • Diamonds, not mounted fell 1.49 percent compared to last year to $1.15 billion.

Looking more closely at U.S. imports from Switzerland:

  • Medicines in individual dosages rose 19.28 percent compared to last year to $9.81 billion.
  • Value added to a returned import rose 37.57 percent compared to last year to $4.77 billion.
  • Heterocyclic chemical compounds rose 43.27 percent compared to last year to $2.72 billion.
  • Plasma, vaccines, blood rose 10.08 percent compared to last year to $1.59 billion.
  • Wrist and pocket watches, not precious metals rose 6.5 percent compared to last year to $1.54 billion.

In the latest annual figures available, Switzerland recorded $57.7 billion in trade with the United States. At year’s end, its were New York City; Chicago; Los Angeles; Cleveland; and Philadelphia. Total U.S. exports to Switzerland were $ 21.69 billion and imports from Switzerland were $36 billion. The U.S. deficit with Switzerland was $14.31 billion.